What The Failure Of Warren Buffett’s Latest Deal Says About The Stock Market

Billionaire investor Warren Buffett’s latest dealmaking efforts suggest that the stock market is overvalued , as the Oracle of Omaha recently lost to a private equity firm in his latest takeover bid—despite having a record $128 billion in cash on the sidelines, which he is finding increasingly difficult to spend on acquisitions.$5 billion to buy technology distributor Tech Data Corp.

Tech Data brings products to market for companies like Apple, which is Berkshire’s largest investment, with a roughly $56 billion stake. Despite having a record $128 billion in cash to burn, the notoriously frugal Buffett bowed out of the deal, raising questions that the overall market

That is like insanity to me - spending your whole life trying to make as much money as you can? Why?

Buffett will buy value but he is really waiting for the market to come down and then he can spend some of that money.

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